Dec 24, 2012 4:00am PST
's like no gas. what are we going to do. >> reporter: in the tablet wars, google introduced the nexus 7 and ipad came out with the ipad mini. while media continues to boom, news print dwindles. "newsweek," the magazine, will continue in a digital version only. hostess brands which made twinkies, ho-hos and wonder bread shut down after a crippling labor strike. >> what is the world going to be without twinkies? >> reporter: a new intelligence report reports that china will overtake the u.s. economy in 20 years, but america's more immediate concern was the unemployment rate, which finally slipped below 8% in six years. that helped ignite a record shopping spree. americans spent a record $59 billion over thanksgiving weekend but shopping slowed closer to christmas as consumers kept an eye on washington's efforts to avoid the fiscal cliff. alexis christoforous, "cbs news," new york. >>> coming up on "cbs this morning," an update on your last-minute holiday travel and we'll get a live report from dallas-ft. worth airport. >>> plus, the nra is speaking out in the debate over the gun control.
Dec 25, 2012 4:00am PST
on and they were off to the launching site. google, how far is earth to the moon? moon is 238,900 miles... the great moment had come... ...5...4...3...2...1 ♪ oh christmas tree oh, christmas tree ♪ ♪ da, da, da, da, da da, da, da, da, da ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ da, da, da, da ♪ jingle bells jingle bells ♪ ♪ jingle all the way ♪ oh, christmas tree oh, christmas tree ♪ ♪ how ever green your branches ♪ oh, christmas tree oh, christmas tree ♪ ♪ your branches are unchanging ♪ da, da, da, da, da, da, da ♪ oh, christmas tree oh, christmas tree ♪ ♪ da, da, da, da, da ♪ jingle bells jingle bells ♪ ♪ jingle all the way ♪ oh, what fun it is to ride in a one-horse open sleigh ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ how lovely are your branches ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ how long your branches are to be ♪ ♪ oh, christmas tree oh, christmas tree ♪ ♪ how lovely are your branches ♪ ♪ oh, christmas tree ♪ ♪ it's been said many times,
Dec 28, 2012 9:00am EST
i think everybody is very familiar with, but i think sometimes google's of the sale -- auto fill is an interesting harbinger. if you type in student loan, it will suggest student loan forgiveness. if you type in student debt, it will suggest student debt crisis. this is a problem many people worry about, whether it is at 3:00 a.m. when they cannot sleep or in the hospital staring at their new baby and wondering, how will i do this the way i want to, the way maybe my parents were able to manage in a previous generation. it is a massive issue. the average student graduates with $26,600 worth of debt and over 13% default within three years. we have more outstanding student at than auto or credit- card debt at this point. many may think it is good that we have more student debt than credit-card debt, but not if we are not able to pay it back. the current job market and the great recession have made it much worse. so, the problem. i want to have maryann talk -- marian talk about her incredible investigative work into how this affects parents. first of all, what are the biggest conce
Dec 25, 2012 6:00am PST
and google maps is back in the app store. number four facebook's botched ipo. the most anticipated ipo in years had so many problems. a long delay, technical glitches, investor confusion, and plenty of finger pointing. to top it off underwriters wildly over estimated the company's value pricing shares at $38 apiece. the stock is down almost 30% since. number three yahoo's ceo pads his resume. scott thompson claimed to have a bachelor's degree in accounting and computer science but his degree is only in accounting. guess who's not ceo anymore? number two, jp morgan's $6 billion trading loss. ceo jamie dimon in may disclosed a unit in london lost millions on one complicated trade. he had to explain himself to congress and jp morgan still managed a $5 million profit that quarter. >>> finally the dumbest move in business this year? you guessed it. the fiscal cliff. if we go over analysts say it will spark a recession. then again, congress is taking us right to the edge and maybe beyond. check out the full list of dumbest moments in business on cnn money.com. here's to a smarter 2013. back